The Philippines is one of only four countries in the world that has demonstrated an "adequate" level of accountability in its early coronavirus disease (COVID-19) fiscal policy response, Secretary Carlito Galvez Jr. disclosed Monday night, May 31. Secretary Carlito Galgez Jr. attends President...
The government is not in a rush to seek the passage of a third stimulus package for the coronavirus response and recovery efforts since it was still spending the existing budget. Las Piñas City residents wait for their turn at a COVID vaccination site inside a mall on May 30, 2021. (Ali...
The national government’s budget deficit decelerated last month owing to the substantial reduction in spending for coronavirus response compared with last year, data from the Bureau of the Treasury showed. The Duterte administration incurred a P44.4 billion fiscal gap in April, down by 84 percent...
Local government units have until June 30 this year to submit all the documentary requirements for the P13.6 billion local government support fund-financial assistance to local government units (LGSF-FALGUs) for local infrastructure and development projects, the Department of the Interior and Local...
The government is unlikely to halt the rehabilitation of Manila Bay, including the use of crushed dolomite rocks along the shoreline, despite concerns raised by some groups. The sun sets over a boat sailing along Manila Bay on April 2021 (Ali Vicoy/ Manila Bulletin) Presidential spokesman Harry...
Senator Sonny Angara on Friday urged the Department of Education (DepEd) to expedite the procurement and release of connectivity load for its teachers, as the budget for this purpose has been available for some time already under the 2021 national budget and the economic stimulus package Congress...
The Duterte administration’s economic team has jacked up the government’s budget deficit ceiling for this year and next to address the pandemic and its economic impacts. The inter-agency Development Budget Coordination Committee (DBCC), a body that sets the macroeconomic targets of the country,...
The Duterte administration’s economic team has lowered its growth assumption for this year due to the emergence of new coronavirus variants and the reimposition of strict lockdowns in Metro Manila and nearby provinces. The inter-agency Development Budget Coordination Committee (DBCC) slightly...
The Overseas Workers Welfare Administration (OWWA) can now heave a sigh of relief as far as its dwindling funds are concerned. OWWA Chief Hans Leo Cacdac and DOLE Director Rolly Francia tackle OFW-related issues during a virtual press briefing Monday, May 17, 2021. (Screengrab from Facebook live)...
Senator Joel Villanueva on Sunday, May 16 urged the government to use the P19.445 billion unused calamity funds under the 2020 and 2021 budget to finance the immediate repair of the Philippine General Hospital (PGH) which caught fire early morning today. “The PGH should be repaired in the same...
Now that the budget for 2022 is being prepared, President Rodrigo Duterte was asked by the private sector to issue an Executive Order (EO) to mandate local government units (LGUs) to allot a higher budget for their respective agricultural development. This request came up in anticipation of LGUs...
The government is planning to tap savings of agencies to augment programs related to addressing the coronavirus outbreak, including relief aid to the affected poor families. A resident of Makati City receives a first shot of Pfizer coronavirus vaccine from a health worker at the Makati Medical...
